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In a country’s finance, the period covered by a budget is usually a year, which is usually known as a financial or fiscal year. The government budget, as forecasted by a government of its expenditures and revenues for a specific period of time, has come to be used to achieve specific goals of the nation’s economic policy.
The very important thing about government budget is to prevent business fluctuations of inflation or deflation to achieve the goal of economic stability. In Malaysia, the government budget is set to meet and fulfill various objectives:
- Reallocation of Resources
- Tax concessions or subsidies
- Reducing inequalities in income and wealth
- Economic Stability
Highlights of Malaysia Budget 2025
On 18 October 2024, Dato’ Seri Anwar bin Ibrahim, Prime Minister cum Finance Minister has tabled Budget 2025. The following is the summary of the tax measures for Malaysia Budget 2025.
Highlights of Malaysia Budget 2024
On 13 October 2023, Dato’ Seri Anwar bin Ibrahim, Prime Minister cum Finance Minister has tabled Budget 2024 themed “Economic Reforms, Empowering the People”.
Highlights of Malaysia Budget 2023
On 7 October 2022, Tengku Dato Sri Zafrul Tengku Abdul Aziz, Finance Minister has tabled Budget 2023 themed “Keluarga Malaysia, Makmur Bersama”.
Highlights of Malaysia Budget 2022
On 29 October 2021, Tengku Dato Sri Zafrul Tengku Abdul Aziz, Finance Minister has tabled Budget 2022 themed “Keluarga Malaysia, Makmur Sejahtera”.
Highlights of Permai Assistance Package
On 18 January 2021, Prime Minister Muhyiddin Yassin has announced a new economic assistance package called the Perlindungan Ekonomi dan Rakyat Malaysia (Permai) package worth RM15 billion to mitigate the impact of COVID-19.
Highlights of Malaysia Budget 2021
On 6 November 2020, YB Senator Tengku Dato’ Sri Zafrul Tengku Abdul Aziz, Finance Minister has tabled Budget 2021 themed “Stand United, We Shall Prevail”.
Highlights of Short-term Economic Recovery Plan
On 5 June 2020, Prime Minister Muhyiddin Yassin has announced a RM35 billion short-term economic recovery plan (ERP) that aims to help the economy recover from the impacts of the COVID-19 pandemic.
Supplementary Stimulus Package for SMEs
On 6 April 2020, Prime Minister Muhyiddin Yassin has announced a supplementary stimulus package specially targeted to support small and medium-sized enterprises (SMEs).
Economic Stimulus Package 2020
On 27 March 2020, Prime Minister Muhyiddin Yassin has announced an economic stimulus package known as “caring package” valued at RM250 billion that will benefit all the Malaysians.
Malaysia Budget 2020
On 11 October 2019, YB Tuan Lim Guan Eng, Malaysia Finance Minister has tabled Budget 2020 themed “Driving Growth and Equitable Outcomes Towards Shared Prosperity”.
Malaysia Budget 2019
On 2 November 2018, YB Tuan Lim Guan Eng, Malaysia Finance Minister has tabled Budget 2019 themed “A Resurgent Malaysia, A Dynamic Economy, A Prosperous Society”.
Malaysia Budget 2018
Announced on October 27, 2017 by the Prime Minister and Finance Minister Datuk Seri Najib Razak, the Budget 2018 came with the theme “Prosper with inclusive economy, balancing duniawi (worldly) and ukhrawi (other-worldly) excellence to better the lives of the rakyat towards TN50 aspirations”. The Budget 2018 is said to be the final budget before the next general election, and it focuses on stimulating domestic investments, developing future generations and enhancing the well-being of the rakyat, including improving inclusivity.
Malaysia Budget 2017
Themed “Accelerating Growth, Ensuring Fiscal Prudence, Enhancing Well-being of the Rakya”, the Budget 2017 was tabled by our Prime Minister Dato’ Sri Najib Tun Razak in Parliament on 21 October 2016. It focused on improving the wellbeing of the rakyat and was aimed at maintaining fiscal discipline amidst continuing economic uncertainties. On top of that, the Budget 2017 has presented an opportunity to build a more inclusive economy for the people and to increase Malaysia’s competitiveness, advancing the country to high income nation status by 2020.
Malaysia Budget 2016
Tabled by our Prime Minister Dato’ Sri Najib Tun Razak in Parliament on 23 October 2015, the Budget 2016 was first budget under the 11th Malaysia Plan, with the aim to gradually reduce the nation’s fiscal deficit, amidst a challenging economic environment. In addition to this, the Budget 2016 focused on striking a balance between the Capital Economy and People Economy with the theme “Prospering the Rakyat”.s competitiveness, advancing the country to high income nation status by 2020.
